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arXiv · 2005.10154

Coronavirus: Case for Digital Money?

Zura Kakushadze·Jim Kyung-Soo Liew
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Abstract

We discuss the pros of adopting government-issued digital currencies as well as a supranational digital iCurrency. One such pro is to get rid of paper money (and coinage), a ubiquitous medium for spreading germs, as highlighted by the recent coronavirus outbreak. We set forth three policy recommendations for adapting mobile devices as new digital wallets, regulatory oversight of sovereign digital currencies and user data protection, and a supranational digital iCurrency for facilitating international digital monetary linkages.

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Zura Kakushadze, Jim Kyung-Soo Liew. 2020-05-17. Coronavirus: Case for Digital Money?. https://arxiv.org/abs/2005.10154

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